Popular Bucks Co. Inn Goes For $1.25M At Auction

BUCKS COUNTY, PA – The Golden Pheasant Inn, located along the river in Erwinna, was auctioned Monday for $1.25 million, according to real estate auction company Traiman, which organized the sale.

The inn, which is included on the Registry of Historic Places, was operated by the Faure family for the past 35 years. In January 2012, it underwent a complete restoration and was consistently given an Award of Excellence from "Wine Spectator." It also received the diner's choice award from OpenTable last year.

However, owners closed the doors for good on June 2 after the sudden passing of family matriarch Barbara Faure.

Her death "inspired deep reflection upon how precious time is with those you love. Our growing families and long days away from them have prompted us to reevaluate our lifestyles," the business owners said in a statement.

The business, including all equipment, and liquor license was auctioned. Further details on the winning bidder and their plans for the site were not immediately known. Stay tuned.